When was Upstart founded?

Upstart was founded in 2012 and raised its 1st funding round within a year of its incorporation.

Where is Upstart located?

Upstart is headquartered in Palo Alto, United States.

How many employees does Upstart have?

As of Jul 31, 2026, the latest employee count at Upstart is 1937.

Is Upstart a funded company?

Upstart is a funded company, having raised a total of $129M across 8 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Apr 2012.

When was the latest funding round of Upstart?

Upstart's latest funding was a $***** Series D round on Apr 08, 2019, with participation from 3 investors.

What is the annual revenue of Upstart?

Annual revenue of Upstart is more than $1B as on Dec 31, 2025

Where does Upstart rank among its competitors?

Upstart ranks 2nd amongst 566 active competitors, of which 46 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Credibly, which secured $260M in May, 2026.

Who are the top competitors of Upstart?

Upstart's top competitors include Lending Club, Upgrade and Lendio. Among them, Credibly secured the most recent funding round in May, 2026.

Upstart - 2026 Company Profile, Team, Funding, Competitors & Financials

Upstart is a public company based in Palo Alto (United States), founded in 2012 by Anna Mongayt. It operates as an AI-enabled online marketplace offering diversified loans to consumers and businesses. Upstart has raised $129M in funding from investors like First Round Capital, Khosla Ventures and Founders Fund. The company has 566 active competitors, including 46 funded and 17 that have exited. Its top competitors include companies like Lending Club, Upgrade and Lendio.

Company Details

AI-enabled online marketplace offering diversified loans to consumers and businesses. It offers loans such as personal loans, credit card loans, car loans, debt consolidation loans, wedding loans, medical loans, small business loans, and more. It provides personalized loan rates based on personal credit assessments.

Website: www.upstart.com/
Social

Key Metrics

Founded Year

2012

Location

Palo Alto, United States

Stage

Public

Total Funding

$129M in 8 rounds

Latest Funding Round

Series D, Apr 08, 2019, $*****

Investors

First Round Capital & 29 more

Ranked

2^nd among 566 active competitors

Annual Revenue

$1B+ as on Dec 31, 2025

Employee Count

1,937 as on Jul 31, 2026

Investment & Acquisitions

Teller & 5 more

Similar Companies

BharatPe & 799 more

Exit Details

Public

View Upstart's full profile

Upstart is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
UPSTART NETWORK, INC. CIN: 5115428 , United States, Active	Feb 26, 2012	-	1418 (As on Dec 31, 2021)	-
Upstart Network, Inc. CIN: 0001555581 , United States, Active		$1 - $1M (As on Aug 08, 2012)	-	-
UPSTART HOLDINGS, INC. CIN: 1647639 , United States, Active	Dec 08, 2013	$1B+ (As on Dec 31, 2025)	-	-

Upstart got listed on Dec 16, 2020.

Click here to take a look at Upstart's IPO in detail

Upstart has raised a total funding of $129M over 8 rounds. Its first funding round was on Apr 2012. Its latest funding round was a Series D round on Apr 08, 2019 for $*****. 3 investors participated in its latest round. Upstart has 27 institutional investors and 3 angel investors.

Here is the list of recent funding rounds of Upstart:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 08, 2019	4537199	Series D	7350610	7003286	8178064	6285446
Mar 02, 2017	2918319	Series D	5509360	8917915	3848913	Third Point Ventures & 2 more
Jul 12, 2015	6493731	Series C	8076313	7967533	Third Point	First Round Capital & 2 more

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View details of Upstart's funding rounds and investors

The founders of Upstart is Anna Mongayt.

Here are the details of Upstart's key team members:

Anna Mongayt: Founder & Head of Operations of Upstart.

View details of Upstart's Founder profiles and Board Members

Upstart's employee count trend

Upstart has 1,937 employees as of Jul 26. Here is Upstart's employee count trend over the years:

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Top competitors of Upstart include Lending Club, Upgrade and Lendio. Here is the list of Top 10 competitors of Upstart, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Lending Club 2006, San Francisco (United States), Public	P2P marketplace for consumer and business loans	$219M	T. Rowe Price, Wellington & 46 others	83/100
2nd	Upstart 2012, Palo Alto (United States), Public	AI-enabled online marketplace offering diversified loans to consumers and businesses	$129M	HTIF, First Round Capital & 28 others	80/100
3rd	Upgrade 2016, San Francisco (United States), Series G	Provider of consumer credit and banking products	$750M	CreditEase, FirstMark & 43 others	72/100
4th	Lendio 2011, Lehi (United States), Series E	Online lending marketplace for business loans	$82M	Napier Park Global Capital, Mastercard & 20 others	69/100
5th	Biz2Credit 2007, New York City (United States), Series B	Online marketplace for business loans	$52M	WestBridge Capital, Nexus Venture Partners ... & 1 others	67/100
6th	Nav 2012, San Mateo (United States), Series C	Provider of cloud-based business credit and financial health management solutions for small business owners	$90.3M	Experian, Kickstart Seed Fund & 27 others	64/100
7th	OppFi 2009, Chicago (United States), Public	Online marketplace for consumer loans	-	FG Ventures, Atalaya Capital Management	62/100
8th	Credibly 2010, Michigan (United States), Series A	Provider of a platform offering financing solutions for small businesses	$5.05M	Truist, SunTrust Bank & 4 others	61/100
9th	SellersFi 2017, Weston (United States), Series A	Online lending platform for business financing	$166M	Northzone, Fasanara & 3 others	61/100
10th	Community Capital Technology 2017, New York City (United States), Series A	Provider of loan transactions marketplace and business intelligence platform	$13.5M	The BHB Fund, Naples Technology Ventures & 6 others	59/100

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Upstart has made 5 investments in companies including Teller and Tala. Upstart has also acquired 1 companies including Prodigy.

Here is the list of investments & acquisitions:

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Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Feb 23, 2022	Investments	Teller	2020	San Francisco (United States)
Oct 14, 2021	Investments	Tala	2011	Santa Monica (United States)
Mar 15, 2021	Acquisition	Prodigy	2015	San Francisco (United States)